Notable Analyst Rating Changes 07/08: (GRPN) (GES) (WDR) Upgraded; (TFM) (HOS) (ZBRA) Downgraded

July 8, 2014 10:49 AM EDT

UPGRADES
B. Riley upgrades Groupon, Inc. (Nasdaq: GRPN) from Neutral to Buy with a price target of $9.50.

Piper Jaffray boosts Guess (NYSE: GES) from Neutral to Overweight and moves its price target from $25 up to $32. Click Here for more color.

Sterne Agee moves Waddell & Reed (NYSE: WDR) from Neutral to Buy with a price target of $80.

UBS raises Apartment Investment Management (NYSE: AIV) from Neutral to Buy.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
Goldman Sachs chops The Fresh Market (Nsdaq: TFM) from Neutral to Sell and moves its price target from $36 to $27. Click Here for more color.

Stephens downgrades Hornbeck Offshore (NYSE: HOS) from Overweight to Equal Weight with a price target of $47.

Imperial Capital drops Zebra Technologies (Nasdaq: ZBRA) from Outperform to In-Line and maintains a price target of $85.50.

ISI Group cuts Bruker (Nasdaq: BRKR) from Buy to Neutral.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Piper Jaffray assumes Applied Materials (Nasdaq: AMAT) at Overweight with a price target of $27. Click Here for more color.

Keefe, Bruyette & Woods begins NorthStar Asset Management (NYSE: NSAM) with a Market Perform rating and $20 price target.

Abengoa Yield (Nasdaq: ABY) initiated by three today:

  • Canaccord Genuitywith a Buy rating and $49 price target;

  • BofA/Merrill Lynch at Buy and a price target of $46; and

  • RBC Capital with an Outperform rating and price target of $44.
Memorial Resource Development (NASDAQ: MRD) started by several firms Tuesday:
  • BofA/Merrill Lynch with a Buy rating and price target of $32. Click Here for more color;

  • Wells Fargo with an Outperform rating and price target of $30 - $34. Click Here for more color;

  • RBC Capital with an Outperform rating and $28 price target;

  • BMO Capital at Outperform with a price target of $32;

  • Barclays with an Overweight rating and price target of $33;

  • Stifel Nicolaus at Buy and $30 price target;

  • Citi at Buy with a price target of $30; and

  • Howard Weil with an Outperform rating and price target of $33.
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Piper Jaffray, Stifel, Keefe, Bruyette & Woods, UBS, Citi, BMO Capital, RBC Capital, B. Riley, Sterne Agee, Barclays, Notable Analyst Rating Changes, Wells Fargo